Just look at volume and price, not any other indicators.
Currently in a closed position, waiting for a rebound to go short or to continue shorting after breaking down the support and rebounding.
The specific transaction plan is as follows:
Pendle's historical cycle structure is currently in the right stage of distribution, and at the time of the last rebound, the demand has been greatly reduced compared to the left side of the top. The last remaining chips are sold here. When the main force completes the distribution, the price will fall smoothly. From the current point of view, the decline this week is very smooth, without any rebound in the middle, and no demand is seen entering from the right side here, so 4.8 is unlikely to be support. In the future, it may maintain a small range and have a small rebound to trap the last bit of leeks' demand, and then fall below 4.8 with large volume. The stage position of 3.9 will not be support either. There has been a month of chip turnover there, and the range below is in the median of 2.2-3.4.
8 hours local structure:
As long as funds are accumulated at the bottom, there is a complete accumulation structure and it takes a long enough time, then when it is distributed at a high level, it will at least go through a long distribution stage B structure. There will be about two daily level tops and a local re-accumulation stage. The purpose of local re-accumulation is because the distribution is not completed, so the main force will maintain support and then pull up the distribution.
Compared with ton and kas, pendle has a better structure in that when it is at the top, no matter it is the daily structure or the local structure, when it is on the right side, it is a downward channel, which means that the main force's distribution progress is better and closer to the final stage, while the daily structure and local structure of ton and kas are still in the upward channel, which means that the distribution is still there, but it is not yet in the final stage. For the subsequent screening of targets, the trend of the large and small distribution structure is also an important point.
A: The main force of pendle distributed shipments mainly in the A range and the explosive volume K in the previous rapid rise stage. The liquidity here is the best, so the shipment will not reverse the upward trend and can attract more leeks.
B: After the first stage of distribution is completed, the price quickly falls below the high local support, and then provides huge demand for accumulation again when approaching the support of the previous pulling-up stage. Because the overall distribution stage is not completed, stage B is a non-standard local re-accumulation structure, which accumulates funds through the local panic selling stage, and then pulls up in a shrinking volume, and explodes and chases the shorts. In the last stage of confirmation of a volumeless retracement, the bottom supply disappears and the subsequent pull-up directly increases the volume. The trading volume is similar to the previous panic selling.
C: The structure is the same as the interval A, but the trading volume is much smaller and the time rhythm is faster. When the price returns to the high point of A, the trading volume shrinks too severely. Such a state cannot be a new high. The new high state must be a large positive line breakthrough with large volume. You can see the large structure chart.
D: Same as the B interval structure, it provides local support to complete the final distribution action. The trading volume of the D interval structure, whether it is absorbing funds or pulling up, is much smaller than that of the B interval, and the time is shortened by 50% again, and the rhythm is faster.
E: The rebound amplitude of the D to E interval is smaller than that of the B to C interval, plus the time root of the E interval, and the high point of E only reaches the bottom of the C interval and cannot reach a new high. The weakness signal is too obvious. This is a position that can be entered. Enter here, and place a small position with a stop loss at the previous high. The stop loss may be hit multiple times, so you need to find a position to enter again. Unless the small-level structure changes, it may be tested upward and then fall.
F: The decline from E to F is very smooth, which also shows that the distribution of the main force is basically coming to an end. The short order at position F is taken profit. Here, the support of interval D and the oversold position of the local downward channel are encountered, and the speed and amplitude of the decline begin to decrease, with signs of flattening. It is not sure whether it is a downward relay, so close the position and wait for a few days to see. Either continue to short if it rebounds, or short if it rebounds after the big negative line breaks through the support. Just wait and track.
Specific head warehouse entry logic:
